Please answer questions. Thanks. Chapter 7 Problem 4: Assume personal income was $28 million last...
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Chapter 7
Problem 4:
Assume personal income was $28 million last year. Personal outlays were $20 million and personal current taxes were $5 million.
What was the amount of disposable personal income last year?
What was the amount of personal saving last year?
Calculate personal saving as a percentage of disposable personal income.
Chapter 8:
Problem 4:
A thirty-year U.S. Treasury bond has a 4.0% interest rate. In contrast, a ten-year Treasury bond has an interest rate of 3.7%. If inflation is expected to average 1.5% points over both the next ten years and thirty-years, determine the maturity risk premium for the thirty-year bond over the ten-year bond.
Chapter 9:
Problem 6:
Determine the present values if $5,000 is received in the future (i.e. at the end of each indicated time period) in each of the following situations:
5% for ten years
7% for seven years
9% for four years
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